State Unemployment Up in Every State in the Union, Wyoming Best, Michigan Worst State

State Unemployment Up in Every State in the Union, Wyoming Best, Michigan Worst State

State Unemployment Up in Every State of the Union

Michigan Surges to 10.6%.  Wyoming has lowest unemployment in nation at 3.4%.  Rhode Island  is the only other state with over 10.0%. California at 9.3% leaves millions of Californians unemployed. 

Texas was the only state that recorded a statistically significant year on year increase in the number of people working.  Employment increased by 153,000.   The largest statistically significant month over month decreases in employment were experienced in California (-78,000), Michigan (-59,000), New York (-54,000) and Illinois (-36,000).  Losing states show up in a number of areas for being unattractive to business.  See some of our other posts for info on state tax burdens, unionionization rates and attractiveness for business.

If you are looking for a job, the low unemployment states may provide work but you must be careful to understand the kind of industries and work that is available for your skill sets.  Most states have differing industries and worker needs.  Unemployment for December 2008  is listed below for all 50 states and District of Columbia.  The national unemployment rate is now at 7.2%

     Rank       State                                                                                                                                                                  

1 WYOMING 3.4
2 NORTH DAKOTA 3.5
3 SOUTH DAKOTA 3.9
4 NEBRASKA 4.0
5 UTAH 4.3
6 IOWA 4.6
6 NEW HAMPSHIRE 4.6
8 NEW MEXICO 4.9
8 OKLAHOMA 4.9
8 WEST VIRGINIA 4.9
11 KANSAS 5.2
12 MONTANA 5.4
12 VIRGINIA 5.4
14 HAWAII 5.5
15 MARYLAND 5.8
16 LOUISIANA 5.9
17 TEXAS 6.0
18 COLORADO 6.1
19 ARKANSAS 6.2
19 DELAWARE 6.2
19 WISCONSIN 6.2
22 IDAHO 6.4
22 VERMONT 6.4
24 ALABAMA 6.7
24 PENNSYLVANIA 6.7
26 ARIZONA 6.9
26 MASSACHUSETTS 6.9
26 MINNESOTA 6.9
29 MAINE 7.0
29 NEW YORK 7.0
31 CONNECTICUT 7.1
31 NEW JERSEY 7.1
31 WASHINGTON 7.1
34 MISSOURI 7.3
35 ALASKA 7.5
36 ILLINOIS 7.6
37 KENTUCKY 7.8
37 OHIO 7.8
39 TENNESSEE 7.9
40 MISSISSIPPI 8.0
41 FLORIDA 8.1
41 GEORGIA 8.1
43 INDIANA 8.2
44 NORTH CAROLINA 8.7
45 DISTRICT OF COLUMBIA 8.8
46 OREGON 9.0
47 NEVADA 9.1
48 CALIFORNIA 9.3
49 SOUTH CAROLINA 9.5
50 RHODE ISLAND 10.0
51 MICHIGAN 10.6

Source:  Bureau of Labor Statistics

Best and Worst States for Credit Scores

Where you live influences your income, your job opportunities and the kinds of industries you might work.  The state you live may also affect your credit score. Credit report has a great report on average state credit scores.  If your state is not listed click on the link to their site.

www.creditreport.com/info/credit-scores/average-credit-scores.asp

 

Best States for Credit Scores  (highest)

1.  South Dakota               710
2.  Minnesota                    707
3.  North Dakota               706
3.  Vermont                      706
5.  New Hampshire           703
5.  Massachusetts             703

Worst States for Credit Scores  (lowest)

51.  Texas                         651
50.  Nevada                      655
49.  Arizona                      659
48.  New Mexico               663
48.  Louisiana                   663

The national average is about 680.  Your score can cost you if it is low.  Watch your credit and pick your state wisely.  Lenders factor in the losses in a market when making loans.

2008 Crime State Rankings: New Hampshire Best, Nevada Worst

New Hampshire was declared  the safest state in the  2008 edition of
Crime State Rankings by CQ Press.

Nevada was declared the most dangerous.

Best States  (Lowest crime)

New Hampshire
Maine,
North Dakota,
Vermont
South Dakota

Worst States  (Highest Crime)

Nevada
Louisiana
New Mexico
South Carolina
Arizona

New Hampshire was declared for the first time after 10 consecutive years of North Dakota being awarded the most safe.  Nevada has been the most dangerous for the last 5 years.  Safety is an important long term consideration to home values and migration patterns.  Retirees should consider crime stats when picking a best place to retire.

CQ publishes an an extensive analysis.  You can find out more at www.cqpress.com/reference.

Best and Worst States to Work

Depending on the state you live, you may have more difficulty working in your desired occupation.  Licensing rules make it harder for people to work as in many cases you must spend money for licensing before knowing if you have work.  It limits supply of workers by making it harder for workers to get a job.  Reason Magazine’s study of Occupational licensing highlights states’ occupational licensing requirements.  They even list the “Most Outrageous Licensing Laws.”  Can you imagine that you must have license to be a florist in Louisiana?  No other state does that!  Can you imagine that you must have a license to be a junkyard dealer in Ohio?  No other state has that requirement.  If you travel into Vermont as a photographer you must have a license.  Yet if you live in Vermont you are qualified.  And in Iowa you must have a license to be a munure applicator.  I wonder if there is a special course you can take online to qualify for that!!!!  Licensing requirements hurt workers.  The Best and Worst States follow.  Go to www.reason.org/news/occupational_licensing_rankings_082407.shtml for the full report.

Worst States to Work                         # Job Licenses

1.  California                                                             177
2.  Connecticut                                                         155
3.  Maine                                                                 134
4.  New Hampshire                                                   130
5.  Arkansas                                                             128

Best States to Work

1.  Missouri                                                              41
2.  Washington                                                         43
3.  Kansas                                                               56
4.  South Carolina                                                    60
5.  Idaho                                                                 61

Best and Worst States for Political Corruption. Is Illinois the Worst?

With Illinois Governor Rob Blagojevich in the news concerning corruption charges, what states are the worst states for political corruption?  There are some pretty good candidates.  Is it Illinois, Louisiana, California, New York, Florida or Ohio?
According to the Report to Congress on the Activities and Operations of the Public Integrity Section (www.usdoj.gov/criminal/pin/docs/arpt-2006.pdf ) the Best and Worst States for Corruption convictions during the 10 year period of 1997-2006 were:

The Most Political Convictions:

1.    Florida                  809
2.    New York             762
3.    California             753
4.    Pennsylvania       566
5.    Ohio                     538
6.    Illinois                  524

The Least Political Convictions:

1.    Vermont                   12
2.    Nebraska                 13
3.    New Hampshire      14
4.    Wyoming                 16
5.    Maine                      25

Some high profile scandals and corruptions have to put New York, New Jersey and Connecticut up for consideration with each having a Governor step down in disgrace.

Louisiana has the highest per capita political corruption rate with 7.67 convictions per 100,000 of population.  Yet it would be hard not to still consider Illinois as the Worst State for Political Corruption with its history of scandal.

Northern New England appears to be a good place for integrity in the politics.

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Connecticut Worst State for Tax Burden, Oklahoma the Best

MSN has a great list of state tax burdens.  The worst states are Connecticut (38.3%), followed by New York (37.1%), New Jersey (35.6%) and Nevada (35.2%). Oklahoma residents pay the least (27.8%), followed by those in Alabama (28.0%) and Alaska (28.1%).
Here is the link:  articles.moneycentral.msn.com/Taxes/Advice/TheBestAndWorstStatesForTaxes.aspx


No income tax states are great for people who are working.  Seven states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income. To see how other states compare, check out the Federation of Tax Administrators’ listing of individual income tax rates for 2008. Wyoming and South Dakota are also two of the best states for employment so you can find probably find a job and keep more of what you earn.  See our blog note:  blog.bestandworststates.com/2009/01/03/wyoming-best-and-michigan-worst-state-for-employment-december-2008.aspx